Syncona (LON:SYNC) Stock Price Up 0.9% – Should You Buy?

Syncona (LON:SYNC) shares were up 0.9% during mid-day trading on Friday . The stock traded as high as GBX 94.50 and last traded at GBX 94. Approximately 92,251 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 656,103 shares. The stock had previously closed at GBX 93.20.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 189 price objective on shares of Syncona in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 189.

Syncona Stock Up 0.9%

The company has a 50-day moving average of GBX 97.29 and a 200 day moving average of GBX 96.16. The stock has a market capitalization of £571.70 million, a PE ratio of -6.25 and a beta of 0.26.

Syncona Company Profile

Syncona’s purpose is to invest to extend and enhance human life. We do this by creating, building and scaling companies to deliver transformational treatments to patients in areas of high unmet need. We aim to build and maintain a diversified portfolio of 20-25 globally leading life science businesses, across development stage, modality and therapeutic area, for the benefit of all our stakeholders. We focus on developing treatments that deliver patient impact by working in close partnership with world-class academic founders and experienced management teams.